http://www.forbes.com/sites/ryanmac/
Ryan Mac - The .0000001% - ForbesRyan Mac's stories. The .0000001%: I cover technology and billionaires for the rest of the 99.9999999%.http://0.gravatar.com/avatar/01628e68b83f6455a2ce19f4d9dd2b59?s=400&amp;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D400&amp;r=Ghttp://www.forbes.com/sites/ryanmac/2015/03/31/gopro-patent-points-to-potentially-new-square-profile-camera-design/
GoPro Patent Points To Potentially New Square-Profile Camera DesignA new GoPro patent could point to a new, possibly cheaper product line aimed as casual consumers for GoPro, especially as competitors from Sony to Polaroid to Chinese smartphone maker Xiaomi have tried to enter the point-of-view device market with less expensive action cameras.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/31/gopro-patent-points-to-potentially-new-square-profile-camera-design/Tue, 31 Mar 2015 11:19:00 -0400A new GoPro patent could point to a new, possibly cheaper product line aimed as casual consumers for GoPro, especially as competitors from Sony to Polaroid to Chinese smartphone maker Xiaomi have tried to enter the point-of-view device market with less expensive action cameras.http://www.forbes.com/sites/ryanmac/2015/03/31/net-a-porter-merges-with-yoox-creating-online-high-fashion-giant/
Net-a-Porter To Merge With Yoox Creating Online High Fashion GiantLondon-based web fashion firm Net-a-Porter agreed to merge with Italian online retailer Yoox Group, according to an announcement on Tuesday.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/31/net-a-porter-merges-with-yoox-creating-online-high-fashion-giant/Tue, 31 Mar 2015 02:24:00 -0400London-based web fashion firm Net-a-Porter agreed to merge with Italian online retailer Yoox Group, according to an announcement on Tuesday.http://www.forbes.com/sites/ryanmac/2015/03/30/rogue-dea-agent-allegedly-attempted-to-shut-down-paypals-venmo-during-silk-road-investigation/
Rogue DEA Agent Allegedly Attempted To Shut Down PayPal's Venmo During Silk Road InvestigationA former agent for the Drug Enforcement Administration allegedly overstepped his powers during the investigation of illicit online narcotics marketplace Silk Road by attempting to seize the bank accounts of popular peer-to-peer payments company Venmo.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/30/rogue-dea-agent-allegedly-attempted-to-shut-down-paypals-venmo-during-silk-road-investigation/Mon, 30 Mar 2015 18:08:00 -0400A former agent for the Drug Enforcement Administration allegedly overstepped his powers during the investigation of illicit online narcotics marketplace Silk Road by attempting to seize the bank accounts of popular peer-to-peer payments company Venmo.http://www.forbes.com/sites/ryanmac/2015/03/27/amazon-denies-its-in-talks-to-acquire-net-a-porter/
Amazon Denies It's In Talks To Acquire Net-a-PorterAmazon categorically denied that it is in acquisition talks for Net-a-Porter, dispelling earlier rumors that it was interested in purchasing the London-based luxury web retailer for as much as 2 billion euros, or about $2.19 billion.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/27/amazon-denies-its-in-talks-to-acquire-net-a-porter/Fri, 27 Mar 2015 15:03:00 -0400Amazon categorically denied that it is in acquisition talks for Net-a-Porter, dispelling earlier rumors that it was interested in purchasing the London-based luxury web retailer for as much as 2 billion euros, or about $2.19 billion.http://www.forbes.com/sites/ryanmac/2015/03/26/amazons-purchase-of-luxury-retailer-net-a-porter-far-from-certain-but-talks-on-going/
Amazon's Purchase Of Luxury Retailer Net-a-Porter Far From Certain, But Talks On-GoingAmazon.com is in talks to buy luxury online retailer Net-a-Porter but a deal is far from complete, FORBES confirmed on Thursday.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/26/amazons-purchase-of-luxury-retailer-net-a-porter-far-from-certain-but-talks-on-going/Thu, 26 Mar 2015 19:00:00 -0400Amazon.com is in talks to buy luxury online retailer Net-a-Porter but a deal is far from complete, FORBES confirmed on Thursday.http://www.forbes.com/sites/ryanmac/2015/03/25/facebook-goes-all-in-on-e-commerce-by-bringing-businesses-onto-messenger/
Facebook Goes All In On E-Commerce By Bringing Businesses Onto MessengerOn Wednesday, Facebook announced its plans to correct that by launching Businesses on Messenger, a set of new services that will allow companies to interact individually with customers through Facebook's messenger app.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/25/facebook-goes-all-in-on-e-commerce-by-bringing-businesses-onto-messenger/Wed, 25 Mar 2015 15:18:00 -0400On Wednesday, Facebook announced its plans to correct that by launching Businesses on Messenger, a set of new services that will allow companies to interact individually with customers through Facebook's messenger app.http://www.forbes.com/sites/ryanmac/2015/03/25/jenny-lee-midas-list-top-ranked-woman-interview-china/
Cracking The Boys Club: Jenny Lee On What It Means To Be The Top Woman In Venture CapitalFive women made this year's list of the world's top venture capitalists. At No. 10, Jenny Lee is the highest-ranked woman ever on the Midas List after investing in some of China's leading tech companies.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/25/jenny-lee-midas-list-top-ranked-woman-interview-china/Wed, 25 Mar 2015 09:30:00 -0400Five women made this year's list of the world's top venture capitalists. At No. 10, Jenny Lee is the highest-ranked woman ever on the Midas List after investing in some of China's leading tech companies.http://www.forbes.com/sites/ryanmac/2015/03/24/amazon-hammers-faa-for-lack-of-impetus-over-progressive-drone-policy/
Amazon Hammers FAA For Lack Of 'Impetus' Over Drone PolicyIn a Washington, D.C. meeting with Senate members of the Subcommittee on Aviation, Operations, Safety and Security, Paul Misener, Amazon's vice president of global public policy, criticized the FAA for lacking "impetus" when it came to developing timely policies regarding the operations of unmanned aerial systems.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/24/amazon-hammers-faa-for-lack-of-impetus-over-progressive-drone-policy/Tue, 24 Mar 2015 17:05:00 -0400In a Washington, D.C. meeting with Senate members of the Subcommittee on Aviation, Operations, Safety and Security, Paul Misener, Amazon's vice president of global public policy, criticized the FAA for lacking "impetus" when it came to developing timely policies regarding the operations of unmanned aerial systems.http://www.forbes.com/sites/ryanmac/2015/03/23/senator-cory-booker-to-introduce-commercial-drone-legislation-following-faa-amazon-ruling/
Senator Cory Booker To Introduce Commercial Drone Legislation Following FAA's Amazon RulingU.S. Senator Cory Booker is set to introduce legislation that will establish temporary rules to govern the flying of drones for commercial purposes, according to documents obtain by FORBES.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/23/senator-cory-booker-to-introduce-commercial-drone-legislation-following-faa-amazon-ruling/Mon, 23 Mar 2015 16:30:00 -0400U.S. Senator Cory Booker is set to introduce legislation that will establish temporary rules to govern the flying of drones for commercial purposes, according to documents obtain by FORBES.http://www.forbes.com/sites/ryanmac/2015/03/23/ahead-of-paypal-split-ebay-adds-gopro-president-and-red-cross-ceo-to-board/
Ahead of PayPal Split, eBay Adds GoPro President And Red Cross CEO To BoardEBay is readying for its momentous split with online payments arm PayPal later this year by getting its house in order. On Monday, the company announced the appointment of two new board members including the new president of GoPro and the current CEO of the American Red Cross. Former Skype executive [...]Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/23/ahead-of-paypal-split-ebay-adds-gopro-president-and-red-cross-ceo-to-board/Mon, 23 Mar 2015 13:03:00 -0400EBay is readying for its momentous split with online payments arm PayPal later this year by getting its house in order. On Monday, the company announced the appointment of two new board members including the new president of GoPro and the current CEO of the American Red Cross. Former Skype executive [...]http://www.forbes.com/sites/ryanmac/2015/03/23/stripe-connect-facilitates-international-expansion-startups-payments/
Stripe Facilitates International Expansion For Startups With ConnectOn Monday, Stripe said it would be making that process a lot easier with a new service, which will allow businesses based in the U.S. and Canada to accept payments and pay sellers or service providers in any of the 18 counties where it currently operates.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/23/stripe-connect-facilitates-international-expansion-startups-payments/Mon, 23 Mar 2015 12:00:00 -0400On Monday, Stripe said it would be making that process a lot easier with a new service, which will allow businesses based in the U.S. and Canada to accept payments and pay sellers or service providers in any of the 18 counties where it currently operates.http://www.forbes.com/sites/ryanmac/2015/03/23/square-introduces-twitter-like-name-tags-for-peer-to-peer-payments/
Square Introduces Twitter-Like Name Tags For Peer-To-Peer PaymentsLess than two years old, Square Cash introduced "cashtags" on Monday, which allows users to take on account names that will allow anyone else on the service to receive money.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/23/square-introduces-twitter-like-name-tags-for-peer-to-peer-payments/Mon, 23 Mar 2015 09:00:00 -0400Less than two years old, Square Cash introduced "cashtags" on Monday, which allows users to take on account names that will allow anyone else on the service to receive money.http://www.forbes.com/sites/ryanmac/2015/03/19/amazons-faa-certificate-to-test-drones-comes-with-plenty-of-strings-attached/
Amazon's FAA Certificate To Test Drones Comes With Plenty Of Strings AttachedThe Federal Aviation Authority granted the Seattle-based online retailer the ability to legally test its much-discussed Amazon Prime Air delivery drones on Thursday, a small win for the company, which has been tussling with the government for permission ever since CEO Jeff Bezos announced the program in a Dec. 2013 interview with "60 Minutes."Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/19/amazons-faa-certificate-to-test-drones-comes-with-plenty-of-strings-attached/Thu, 19 Mar 2015 19:05:00 -0400The Federal Aviation Authority granted the Seattle-based online retailer the ability to legally test its much-discussed Amazon Prime Air delivery drones on Thursday, a small win for the company, which has been tussling with the government for permission ever since CEO Jeff Bezos announced the program in a Dec. 2013 interview with "60 Minutes."http://www.forbes.com/sites/ryanmac/2015/03/17/after-poaching-paypals-president-facebook-is-going-after-the-payments-business/
After Poaching PayPal's President, Facebook Is Going After The Payments BusinessOn Tuesday, Facebook announced that U.S.-based users will soon be able to employ its instant messaging service, Facebook Messenger, to send money directly to friends, a feature that puts it in direct competition with the likes of payment companies PayPal, which owns Venmo, and Square.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/17/after-poaching-paypals-president-facebook-is-going-after-the-payments-business/Tue, 17 Mar 2015 16:55:00 -0400On Tuesday, Facebook announced that U.S.-based users will soon be able to employ its instant messaging service, Facebook Messenger, to send money directly to friends, a feature that puts it in direct competition with the likes of payment companies PayPal, which owns Venmo, and Square.http://www.forbes.com/sites/ryanmac/2015/03/11/memebox-funding-south-korea-cosmetics-startup/
South Korean Cosmetics Startup Memebox Aims Globally By Raising $29 MillionOn Wednesday, South Korean cosmetics company Memebox announced it raised $29 million from investors including Yahoo cofounder Jerry Yang and a host of venture capital firms such as Formation 8, Goodwater Capital and Pejman Mar Ventures.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/11/memebox-funding-south-korea-cosmetics-startup/Wed, 11 Mar 2015 16:00:00 -0400On Wednesday, South Korean cosmetics company Memebox announced it raised $29 million from investors including Yahoo cofounder Jerry Yang and a host of venture capital firms such as Formation 8, Goodwater Capital and Pejman Mar Ventures.http://www.forbes.com/sites/ryanmac/2015/03/05/flipkart-aims-globally-with-plans-for-silicon-valley-office-says-new-executive/
Flipkart Aims Globally With Plans For Silicon Valley Office Says New ExecutiveIndian e-commerce leader Flipkart aims to build an office in Silicon Valley to attract new talent, says new Chief Product Officer Punit Soni.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/05/flipkart-aims-globally-with-plans-for-silicon-valley-office-says-new-executive/Thu, 5 Mar 2015 15:52:00 -0500Indian e-commerce leader Flipkart aims to build an office in Silicon Valley to attract new talent, says new Chief Product Officer Punit Soni.http://www.forbes.com/sites/ryanmac/2015/03/04/future-paypal-ceo-dan-schulman-makes-first-public-appearance-stresses-potential/
Future PayPal CEO Dan Schulman Makes First Appearance In Front Of Investors, Stresses PotentialFormer American Express executive Dan Schulman made his first public appearance as PayPal CEO designee. He will officially assumed the PayPal CEO role when the company splits from eBay later this year.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/04/future-paypal-ceo-dan-schulman-makes-first-public-appearance-stresses-potential/Wed, 4 Mar 2015 14:35:00 -0500Former American Express executive Dan Schulman made his first public appearance as PayPal CEO designee. He will officially assumed the PayPal CEO role when the company splits from eBay later this year.http://www.forbes.com/sites/ryanmac/2015/03/03/how-close-were-ea-and-activision-to-buying-minecraft/
How Close Were EA And Activision To Buying Minecraft?Some of the largest gaming companies in the world made overtures for Minecraft-maker Mojang before Microsoft sealed its $2.5 billion deal.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/03/how-close-were-ea-and-activision-to-buying-minecraft/Tue, 3 Mar 2015 15:33:00 -0500Some of the largest gaming companies in the world made overtures for Minecraft-maker Mojang before Microsoft sealed its $2.5 billion deal.http://www.forbes.com/sites/ryanmac/2015/03/03/minecraft-markus-persson-notch-interview-microsoft-sale/
Minecraft's Markus Persson Tells All On His Sale To Microsoft, His $70 Million Home And What's NextOver two days, Markus "Notch" Persson and Jakob Porsér sat down with FORBES to discuss their new lives and their decision to sell Minecraft to Microsoft for $2.5 billion.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/03/minecraft-markus-persson-notch-interview-microsoft-sale/Tue, 3 Mar 2015 10:40:00 -0500Over two days, Markus "Notch" Persson and Jakob Porsér sat down with FORBES to discuss their new lives and their decision to sell Minecraft to Microsoft for $2.5 billion.http://www.forbes.com/sites/ryanmac/2015/03/03/tax-shelter-tech-takeovers/
Tax-Shelter Tech TakeoversBuying Minecraft allowed Microsoft to deploy billions in cash parked overseas (and far from the U.S. taxman). Here are other tempting targets.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/03/tax-shelter-tech-takeovers/Tue, 3 Mar 2015 10:26:00 -0500Buying Minecraft allowed Microsoft to deploy billions in cash parked overseas (and far from the U.S. taxman). Here are other tempting targets.http://www.forbes.com/sites/ryanmac/2015/03/03/minecraft-markus-persson-life-after-microsoft-sale/
Inside The Post-Minecraft Life Of Billionaire Gamer God Markus PerssonWith Minecraft, Markus Persson became a deity to millions in his virtual world. Then he abruptly took $2.5 billion and walked away. A look inside the deal of the year--and the confused, indulgent life of a fallen idol.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/03/minecraft-markus-persson-life-after-microsoft-sale/Tue, 3 Mar 2015 06:59:00 -0500With Minecraft, Markus Persson became a deity to millions in his virtual world. Then he abruptly took $2.5 billion and walked away. A look inside the deal of the year--and the confused, indulgent life of a fallen idol.http://www.forbes.com/sites/ryanmac/2015/03/02/kakaotalk-billionaire-brian-kim-mobile-messaging-global-competition/
How KakaoTalk's Billionaire Creator Ignited A Global Messaging WarSouth Korea's greatest entrepreneur started the global mobile messaging gold rush five years ago. Now he's a surrounded underdog. What happened?Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/03/02/kakaotalk-billionaire-brian-kim-mobile-messaging-global-competition/Mon, 2 Mar 2015 06:00:00 -0500South Korea's greatest entrepreneur started the global mobile messaging gold rush five years ago. Now he's a surrounded underdog. What happened?http://www.forbes.com/sites/ryanmac/2015/02/11/amazon-challenger-jet-com-raises-140-million-ahead-of-launch/
Amazon Challenger Jet.com Raises $140 Million Ahead Of LaunchJet.com has yet to sell anything, but has already raised hundreds of millions on the idea that its CEO and founder Marc Lore can reinvent retail once again.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/02/11/amazon-challenger-jet-com-raises-140-million-ahead-of-launch/Wed, 11 Feb 2015 19:08:00 -0500Jet.com has yet to sell anything, but has already raised hundreds of millions on the idea that its CEO and founder Marc Lore can reinvent retail once again.http://www.forbes.com/sites/ryanmac/2015/02/11/yahoos-marissa-mayer-claims-tumblr-is-now-fastest-growing-social-network-over-instagram/
Yahoo's Marissa Mayer Claims Tumblr Is Now Fastest-Growing Social Network Over InstagramSpeaking at the Goldman Sachs Internet conference in San Francisco on Wednesday, the embattled head of Yahoo touted the growth of Tumblr, the blogging network that was purchased by the company back in 2013 for $990 million.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/02/11/yahoos-marissa-mayer-claims-tumblr-is-now-fastest-growing-social-network-over-instagram/Wed, 11 Feb 2015 16:56:00 -0500Speaking at the Goldman Sachs Internet conference in San Francisco on Wednesday, the embattled head of Yahoo touted the growth of Tumblr, the blogging network that was purchased by the company back in 2013 for $990 million.http://www.forbes.com/sites/ryanmac/2015/02/05/yelp-posts-fourth-quarter-profit-but/
Yelp Records First-Ever Annual Profit But Investors Waver As User Growth SlowsYelp posted profits that exceeded expectation in the fourth quarter of 2014, but investors are unhappy as user and active business growth on the platform has slowed down.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/02/05/yelp-posts-fourth-quarter-profit-but/Thu, 5 Feb 2015 16:29:00 -0500Yelp posted profits that exceeded expectation in the fourth quarter of 2014, but investors are unhappy as user and active business growth on the platform has slowed down.http://www.forbes.com/sites/ryanmac/2015/01/20/new-vegas-megaclub-omnia-unveils-dj-lineup-joining-crowded-edm-fray/
New Vegas Megaclub Omnia Unveils DJ Lineup, Joins Crowded EDM PartyOn Tuesday, Hakkasan Group's Omnia, a new nightclub at The Strip's Caesars Palace, unveiled some of its first details to the public including an entertainment lineup of some of the world's highest-paid DJs.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/01/20/new-vegas-megaclub-omnia-unveils-dj-lineup-joining-crowded-edm-fray/Tue, 20 Jan 2015 07:20:00 -0500On Tuesday, Hakkasan Group's Omnia, a new nightclub at The Strip's Caesars Palace, unveiled some of its first details to the public including an entertainment lineup of some of the world's highest-paid DJs.http://www.forbes.com/sites/ryanmac/2015/01/20/lowes-backed-porch-gears-up-for-local-services-battle-with-65-million-round/
Lowe's-Backed Porch.com Gears Up For Local Services Battle With $65 Million RoundOn Tuesday, Porch.com a network that connects homeowners to home service professionals proved that point by announcing it raised $65 million in a round led by Valor Equity Partners and joined by the likes of Peter Thiel's Founders Fund and Battery Ventures.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/01/20/lowes-backed-porch-gears-up-for-local-services-battle-with-65-million-round/Tue, 20 Jan 2015 07:00:00 -0500On Tuesday, Porch.com a network that connects homeowners to home service professionals proved that point by announcing it raised $65 million in a round led by Valor Equity Partners and joined by the likes of Peter Thiel's Founders Fund and Battery Ventures.http://www.forbes.com/sites/ryanmac/2015/01/19/palantir-ceo-alex-karp-to-be-a-billionaire-as-data-mining-company-raises-more-funds/
Palantir CEO Alex Karp To Become A Billionaire As Data-Mining Company Raises MillionsPalantir is currently raising a round that could total $400 million at a valuation of around $15 billion. At that valuation, which was first reported by Barron's, Karp, who owns at least 8% of the Palo Alto, Calif.-based company will be worth more than $1.2 billion when the round closes.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/01/19/palantir-ceo-alex-karp-to-be-a-billionaire-as-data-mining-company-raises-more-funds/Mon, 19 Jan 2015 16:44:00 -0500Palantir is currently raising a round that could total $400 million at a valuation of around $15 billion. At that valuation, which was first reported by Barron's, Karp, who owns at least 8% of the Palo Alto, Calif.-based company will be worth more than $1.2 billion when the round closes.http://www.forbes.com/sites/ryanmac/2015/01/16/tesla-gigafactory-permits-reveal-huge-costs-16-million-for-the-foundation-alone/
Tesla Gigafactory Permits Reveal Huge Costs: $16 Million For The Foundation AloneAccording to building permits pulled by home and construction resource startup BuildZoom, Tesla is preparing to the lay the groundwork for its "gigafactory," a manufacturing site that is scheduled to be fully functional by 2020 and will create 500,000 battery packs a year for the electric automobile manufacturer.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/01/16/tesla-gigafactory-permits-reveal-huge-costs-16-million-for-the-foundation-alone/Fri, 16 Jan 2015 07:50:00 -0500According to building permits pulled by home and construction resource startup BuildZoom, Tesla is preparing to the lay the groundwork for its "gigafactory," a manufacturing site that is scheduled to be fully functional by 2020 and will create 500,000 battery packs a year for the electric automobile manufacturer.http://www.forbes.com/sites/ryanmac/2015/01/14/no-apple-camera-rumor-does-not-mean-the-end-for-gopro/
No, Apple Camera Rumor Does Not Mean The End For GoProInvestors shouldn't buy into the fact that Apple is making an action camera to compete with GoPro.Ryan Mac, Forbes Staffhttp://www.forbes.com/sites/ryanmac/2015/01/14/no-apple-camera-rumor-does-not-mean-the-end-for-gopro/Wed, 14 Jan 2015 07:50:00 -0500Investors shouldn't buy into the fact that Apple is making an action camera to compete with GoPro.